Steel News

NATO Members to Trump: Not All Steel Imports Are a National Security Risk

19 June 2017 - Some of NATO’s European members are pressing the Trump administration to rethink setting restrictions on steel imports based on national security concerns, reports the (London) Financial Times.

Liberty House Puts an Offer Down For U.K. Bar Producer

19 June 2017 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group reportedly are making a rescue bid for an ailing bar and beam producer in the U.K.

South Korean Consortium Prevails in Bidding on Australian Steel, Iron Ore Producer

16 June 2017 - A consortium led by a South Korean private equity firm has been declared the preferred bidder for Australian iron ore miner and steelmaker Arrium, the company’s financial administrator has announced.

ArcelorMittal, Italy Reach Binding Agreement on ILVA Acquisition

16 June 2017 - ArcelorMittal and partner Marcegaglia said on Friday that they have reached a binding agreement with the Italian government on a plan to acquire ILVA.

Report: India's Central Bank Wants Essar Steel, 11 Others Ushered into Bankruptcy

16 June 2017 - India’s Essar Steel and Bhushan Steel reportedly are among 12 companies being recommended for bankruptcy by the country’s central bank, according to the Reuters news service.

NLMK Begins Trials on PCI-Equipped Blast Furnace

16 June 2017 - NLMK Group has initiated hot tests of a new pulverized coal-injection unit on the No. 6 blast furnace at its Lipetsk plant in Russia, the steelmaker has announced.

Cliffs Natural Resources Picks Site for HBI Plant

15 June 2017 - Iron ore miner Cliffs Natural Resources said it will invest US$700 million in a hot-briquetted iron plant close to the southwestern shore of Lake Erie.

Tenova Partners With Microsoft to Offer Industry 4.0 Solution

15 June 2017 - Tenova has teamed up with Microsoft to offer steelmakers a cloud-based, smart-factory solution, providing for new production efficiencies, the equipment supplier has announced.

This Steelmaker's Newest Hire Never Needs to Take a Break

15 June 2017 - German stainless producer Deutsche Edelstahlwerke GmbH has put a Primetals Technologies LiquiRob robot into service at its Siegen plant, improving safety and efficiency.

Nucor Anticipates Softer Second-Quarter Profits

15 June 2017 - Nucor Corp. said it expects its second-quarter earnings to fall short of its first-quarter results as competitive pressure mitigates profits.

Bankruptcy Judge Approves Reorganization Plan for Essar Minnesota Project

14 June 2017 - A U.S. Bankruptcy Court judge has given approval to a plan that, if successful, will allow the stalled Essar Steel Minnesota taconite mine and pellet plant to proceed to completion, reports the Duluth News Tribune.

Bayou Steel Announces New Sales Team Appointments

14 June 2017 - Bayou Steel Group is reconfiguring its sales team and has named a former Gerdau director to lead its sales efforts, the steelmaker has announced.

U.S. Line Pipe Producers Weighing Trade Action After Losing Major Order to Russian-Owned Company

12 June 2017 - U.S. line pipe producers said they are considering whether to file a trade complaint over Canadian-made large-diameter pipe after losing what they said is a US$100 million order to EVRAZ North America.

Construction Begins on New U.S. Refractories Plant

12 June 2017 - Refractories manufacturer HarbisonWalker International has broken ground on its planned US$30 million monolithic refractories plant in Ohio, the company has announced.

Judge OKs Stelco Sale

09 June 2017 - A Canadian judge approved Stelco’s restructuring plan and sale to U.S. investment firm Bedrock Industries Group on Friday, a decision that will allow the steelmaker to emerge from creditor protection as a standalone business.

ANDRITZ Receives Order for Two Reheat Furnaces

09 June 2017 - Austrian machine builder ANDRITZ has won an order for two walking beam furnaces from ArcelorMittal’s Burns Harbor steel works in the U.S.

Romanian Mill Puts New Plate Leveler Into Service

09 June 2017 - ArcelorMittal’s integrated steel works in Romania has put its new Danieli hot leveler into service, according to the equipment supplier.

Hot Demand From Solar Industry Prompts ArcelorMittal to Boost Production of Its Magnelis Steel

09 June 2017 - ArcelorMittal has expanded its capacity to make its Magnelis line of coated steel, adapting a hot-dipped galvanizing line in Spain to produce the product, the steelmaker has announced.

U.S. Steel Imports Study Nearing Completion, Commerce Secretary Says

08 June 2017 - The U.S. Commerce Department soon will complete its review of whether steel imports pose a risk to national security, Commerce Secretary Wilbur Ross said Thursday, according to the Reuters news service.

JSW Steel Plans Blast Furnace Overhaul, Closure

08 June 2017 - SMS group’s Paul Wurth division has won a contract to reline and expand the No. 3 blast furnace at JSW Steel’s Vijayanagar Works in the Indian state of Karnataka.